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Updated: 2 hours 58 min ago

Lloyds defends CEO pay after investor anger at annual investor meeting

Thu, 05/16/2019 - 15:38
Lloyds Banking Group has defended the 6.3 million pound ($8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies.
Categories: Financial Media

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

Thu, 05/16/2019 - 15:28
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.
Categories: Financial Media

Walmart says higher China tariffs will increase prices for U.S. shoppers

Thu, 05/16/2019 - 15:24
Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on goods from China as the world's largest retailer reported its best comparable sales growth for the first quarter in nine years.
Categories: Financial Media

Wall St. gains on upbeat earnings, strong economic data

Thu, 05/16/2019 - 15:22
U.S. stocks rose on Thursday as upbeat earnings from Walmart and Cisco, and robust domestic economic data helped investors overlook worries about the ongoing trade war between the United States and China.
Categories: Financial Media

Aiming to re-energize staff, new head of Britain's BT hands out shares

Thu, 05/16/2019 - 15:16
The new boss of Britain's BT Group will give each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, in one of his first moves to drive better performance at the telecoms giant.
Categories: Financial Media

Brent oil moves toward $73 on Middle East tensions

Thu, 05/16/2019 - 15:10
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.
Categories: Financial Media

Huawei's $105 billion business at stake after U.S. broadside

Thu, 05/16/2019 - 14:41
The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world's top supplier of telecoms network equipment.
Categories: Financial Media

Euro zone banking at risk of dangerous fragmentation, ECB warns

Thu, 05/16/2019 - 14:38
Euro zone banks are turning away from cross-border activity, putting at risk the bloc's banking union and raising the risk of dangerous fragmentation, European Central Bank Vice President Luis de Guindos said on Thursday.
Categories: Financial Media

Nestle makeover advances with $10 billion sale of skin health unit

Thu, 05/16/2019 - 14:22
Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands.
Categories: Financial Media

Wells Fargo and Barclays back fintech company OpenFin

Thu, 05/16/2019 - 14:06
Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays, the company said on Thursday.
Categories: Financial Media

Japanese bank MUFG rethinks policy on coal-fired power projects

Thu, 05/16/2019 - 13:06
Japan's Mitsubishi UFJ Financial Group will no longer provide financing for new coal-fired power generation projects after July 1, it said on Wednesday in a revised environmental and social policy framework.
Categories: Financial Media

European shares recover, but trade worries mount

Thu, 05/16/2019 - 12:57
European stocks rose half a percent to the day's highs on Thursday, erasing earlier losses, while the euro gained in volatile trade as the threat of auto tariffs were pushed back.
Categories: Financial Media

Walmart says higher tariffs on China goods will increase prices for shoppers

Thu, 05/16/2019 - 12:42
Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on imports from China as it reported overall revenue and online sales growth slowed in the first quarter.
Categories: Financial Media

Futures rise after upbeat Cisco, Walmart earnings

Thu, 05/16/2019 - 12:39
U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei.
Categories: Financial Media

Airbus CEO says all planemakers to suffer from 'lose-lose' trade war

Thu, 05/16/2019 - 12:38
Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker's U.S. rival Boeing.
Categories: Financial Media

New head of UK's BT telecoms gives each worker 500 pounds worth of shares

Thu, 05/16/2019 - 12:34
The new chief executive of Britain's BT Group said he would award each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, to create a more engaged workforce and improve customer service levels at the telecoms giant.
Categories: Financial Media

Austrian prosecutors see little basis for case against Airbus: report

Thu, 05/16/2019 - 12:14
Austrian prosecutors believe there is little basis for their fraud investigation into the Eurofighter consortium's $2 billion deal in 2003 to sell jets to the Austrian government, two media reported on Thursday, citing an internal report.
Categories: Financial Media

EU fines five banks $1.2 billion for foreign exchange rigging

Thu, 05/16/2019 - 12:10
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.
Categories: Financial Media

Blacklist mess: Huawei's $105 billion business at stake after U.S. broadside

Thu, 05/16/2019 - 11:51
The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world's top supplier of telecoms network equipment.
Categories: Financial Media

Airbus CEO: premature to talk about buying Bombardier Belfast plant

Thu, 05/16/2019 - 11:48
The head of Europe's Airbus said it was too early to talk about acquiring a Belfast factory placed on sale by Canada's Bombardier .
Categories: Financial Media

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